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(OTEX) Open Text complete technical analysis [charts+indicators] | Buy/Sell Open Text | (OTEX) share price targets

Complete technical analysis of Open Text (OTEX) by charts plus indicators, forecast predictions and share price targets for Open Text (OTEX)

Open Text trades in USA in Technology sector.

Showing technical analysis as on 2024-10-23 View latest technical analysis

10 day averaged volume of Open Text is 348510

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	32.84	33.55	33.67	32.76	1.056 times
22 Tue Oct 2024	33.57	33.49	33.74	33.18	1.632 times
21 Mon Oct 2024	33.47	34.00	34.03	33.44	0.683 times
18 Fri Oct 2024	34.03	34.10	34.20	33.98	0.958 times
17 Thu Oct 2024	33.94	34.04	34.20	33.82	0.915 times
16 Wed Oct 2024	34.04	33.67	34.19	33.63	0.943 times
15 Tue Oct 2024	33.60	33.60	33.87	33.49	1.3 times
14 Mon Oct 2024	33.62	33.89	33.90	33.38	0.937 times
11 Fri Oct 2024	33.81	33.63	33.96	33.63	0.779 times
10 Thu Oct 2024	33.74	33.32	33.83	33.32	0.8 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33, but if it comes above 33, then a intra day buy could be more profitable.
If you take a sell trade below 33, then use 33 as stoploss and 32.5 as target. However if you take a buy trade in stock , then use 33 as stoploss and 33.42 as target.

Share price targets for Open Text (OTEX)

Target Type	Value
Downside Target	27.50
Downside Target	29.75
Downside Target	31.01
Downside Target	31.95
Upside Target	33.38
Upside Target	33.47
Upside Target	33.71
Upside Target	33.96
Upside Target	34.03
Upside Target	34.20

Intraday share price targets for Open Text (OTEX)

Target Type	Value
Downside Intraday Target	32.39
Downside Intraday Target	31.94
Upside Intraday Target	33.66
Upside Intraday Target	34.48
Upside Intraday Target	33.21

Weekly technical analysis of Open Text (OTEX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	32.84	34.00	34.03	32.76	0.667 times
18 Fri Oct 2024	34.03	33.89	34.20	33.38	1.143 times
11 Fri Oct 2024	33.81	33.06	33.96	32.75	0.872 times
04 Fri Oct 2024	33.18	32.87	33.47	32.42	0.802 times
27 Fri Sep 2024	33.09	32.78	33.71	32.56	0.743 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Open Text (OTEX)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	32.84	33.26	34.20	32.42	0.541 times
30 Mon Sep 2024	33.28	31.57	33.71	31.01	0.669 times
30 Fri Aug 2024	31.82	31.58	32.97	27.50	1.26 times
31 Wed Jul 2024	31.53	30.22	31.95	29.75	0.825 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Open Text (OTEX)

Price action analysis of Open Text ( (OTEX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Open Text ( (OTEX) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Open Text ( (OTEX) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Open Text ( (OTEX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Open Text stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Open Text in short term but the sell signal is initial and weak.

Open Text Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Open Text in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Open Text is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 33.65 and Open Text (OTEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Open Text (OTEX) stock. Volume based technical analysis of Open Text (OTEX) stock is negative.

Open Text Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.